Morgan Stanley Lowers Skyworks Solutions (NASDAQ:SWKS) Price Target to $87.00

Skyworks Solutions (NASDAQ:SWKS) had its price target lowered by stock analysts at Morgan Stanley from $117.00 to $87.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s price objective indicates a potential downside of 0.05% from the company’s previous close.

A number of other equities analysts have also recently issued reports on SWKS. Piper Sandler lowered their target price on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Bank of America boosted their target price on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Craig Hallum raised their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays lowered shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $115.00 to $87.00 in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.06.

Skyworks Solutions Stock Down 1.1 %

Skyworks Solutions stock opened at $87.04 on Wednesday. Skyworks Solutions has a twelve month low of $85.99 and a twelve month high of $120.86. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $96.17 and a 200-day moving average of $100.61. The stock has a market capitalization of $13.90 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.99 and a beta of 1.21.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the transaction, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares in the company, valued at approximately $3,793,589.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the completion of the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,162 shares of company stock worth $2,306,291 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Skyworks Solutions

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Skyworks Solutions by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock valued at $2,101,619,000 after buying an additional 745,374 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Skyworks Solutions by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer’s stock valued at $477,173,000 after purchasing an additional 176,070 shares in the last quarter. Vulcan Value Partners LLC lifted its holdings in Skyworks Solutions by 38.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer’s stock worth $481,552,000 after purchasing an additional 1,262,964 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Skyworks Solutions by 19.3% in the 2nd quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock worth $435,943,000 after purchasing an additional 661,144 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Skyworks Solutions by 54.9% in the second quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer’s stock worth $370,768,000 after buying an additional 1,233,618 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.